Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government plans to undertake in the next few years. Speaking to lawmakers at the Lord Mayor of London’s residence on Thursday, the chancellor said the U.K. government would be implementing recommendations to establish …
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While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about the possibility of a major depegging — especially amid U.S. regulatory concerns about Tether, which has a current market capitalization of over $63 …
Four mid-cap altcoins have “insane potential” over the long term according to Austin Arnold, a crypto trader and host of the popular outlet Altcoin Daily. First on Arnold’s list is the decentralized finance (DeFi) lending protocol Compound (COMP). The analyst cites the news that Compound Labs, the creator of Compound, has rolled out a new …
Dogecoin (DOGE) prices surged but did not skyrocket after receiving another endorsement from Tesla CEO Elon Musk on Twitter on July 1. The billionaire entrepreneur published a tweet at around 8:43 am UTC — a Godfather-themed meme that shows Marlon Brando’s iconic character, Don Vito Corleone, with the text “YOU COME TO ME AT RUNTIME …
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Real Vision founder and macro analyst Raoul Pal says a historic transfer of wealth is coming as money flows out of legacy finance into Bitcoin and crypto assets. In a new interview with podcast host Natalie Brunell, the macro guru offers his perspective on the future of finance and says that crypto will lay the …
The soccer world continues to seek out new revenue models amid the coronavirus pandemic, which saw the suspension of league matches in some countries, and new partnerships form to find sustainable answers in the digital space. Representing soccer clubs playing in the Süper Lig, Turkey’s primary soccer league, the Turkish Union of Clubs has partnered …
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Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from his stock-to-flow model’s estimates in over two years. Stock-to-flow “make or break” After May’s huge …
Latin American cryptocurrency exchange Mercado Bitcoin has secured $200 million in Series B financing from SoftBank, marking one of the largest funding rounds in the region’s history. Mercado Bitcoin will use the funds to expand its offerings and invest in new infrastructure to meet the growing demand for digital assets in the region, the São …
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As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee for energy utilized by crypto miners operating in the country. The new fees …
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Crypto trader and analyst Lark Davis is naming four digital assets that he predicts will appreciate substantially in July. Davis kicks off his list with Bitcoin, telling his nearly 400,000 YouTube subscribers that the flagship cryptocurrency could be ready for a major rally. ADVERTISEMENT “…Bitcoin is number one on our list to watch in …
Bitcoin (BTC) faced fresh losses on July 1 as attention focused on an impending test of an important support zone. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No price breakout for Bitcoin Data from Cointelegraph Markets Pro and TradingView tracked a 5% decline in BTC/USD overnight on Wednesday. As Cointelegraph reported, eyes are now on an …
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As major miners are leaving China one after another following the country’s crackdown on Bitcoin (BTC), Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Novogratz explained on Bloomberg that despite China’s attempt to undermine Bitcoin — like banning mining, banning leverage, and even …
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The United States Securities and Exchange Commission has appointed New Jersey Attorney General Gurbir S. Grewal as Director of the Division of Enforcement. The appointment will be effective from July 26, with the SEC adding the veteran prosecutor to its ranks to play a key role in regulating financial markets in the U.S. “He has …
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Leading decentralized crypto exchange by trade volume Binance has restored British pound withdrawals using the Faster Payments network. On June 28, Binance uploaded a notice revealing that withdrawals via Faster Payments, a popular United Kingdom-based inter-bank payments platform, had been suspended for maintenance. The news came the same week the U.K.’s financial regulator, the Financial …
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HodlX Guest Post Submit Your Post Although the trading volume of non-fungible tokens (NFTs) has fallen since its peak earlier this year, this new breed of digital assets is already making a significant impact. From Beeple’s $69 million record-breaking NFT artwork, NFT gaming items, real-world asset representations, event tickets and more, NFTs have just begun …
Continue reading “Should You Mint an NFT? A Look at This Hot Crypto Sector”
